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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 4 days, 1 hour agoThe average price of pork in grocery stores during April was $3.458 per pound. That was down 0.8 cents from March and down 0.1 cents from April 2012. Over the last two years, the retail price of pork has increased […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 3 weeks, 3 days agoThe red ink continues to get deeper for hog producers. Iowa State University’s monthly estimate of costs and returns indicate the average Iowa hog was sold at a loss of $41.44 during March. This was the eighth […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 1 month, 1 week agoU.S. beef exports were down 2.5% in February compared to a year earlier. Of the top 7 destinations for beef shipments, only Canada and Hong Kong bought more U.S. beef this February than last. Why are exports […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 1 month, 1 week agoToday USDA-AMS discontinued their daily pork cutout calculation based on voluntary price reporting. Since April 1 when the mandatory wholesale price reports became available on a timely basis, the number of […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 1 month, 2 weeks agoJobs numbers for March were very disappointing. Only 88,000 jobs were added last month while 496,000 Americans either quit working or gave up looking for work. The labor force participation rate is the lowest […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 1 month, 2 weeks agoJobs numbers for March were very disappointing. Only 88,000 jobs were added last month while 496,000 Americans gave up looking for work. People with jobs are what drive meat demand.
The Bank of Japan is […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 2 months agoUSDA’s March cattle on feed report said there were 7.0% fewer cattle in large feedlots than on March 1, 2012. The average of pre-release trade predictions was that the on feed number would be down 6.5%. More on […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 2 months agoThe average retail price of pork in grocery stores during February was $3.441 per pound. That is up 3.9 cents from January, but down 5.4 cents from February 2012. The monthly retail price record for pork is […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 2 months, 1 week agoUSDA is cancelling their July cattle inventory survey in order to reduce costs.
USDA has released for comment their planned changes to country of origin labeling (COOL) rules for red meats. The changes are an […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 2 months, 1 week agoUSDA has released for comment their planned changes to country of origin labeling (COOL) rules for red meats. The changes are an effort to overcome a WTO ruling against our current rules. The proposed changes will […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 2 months, 2 weeks agoThis week, Statistics Canada released their January 1 inventory numbers for livestock. Their hog inventory was down 0.5% compared to a year ago. Their sheep and lamb inventory was up 0.7%. Canada’s total cattle […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 2 months, 2 weeks agoFor the third consecutive month, USDA has increased their estimate of 2013 production of red meat and poultry. The latest estimate is up 0.8% from their February forecast and up 3.3% from the December prediction. […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain and Scott Brown, on the site
Commodities Street Journal 2 months, 3 weeks agoUSDA’s February cattle on feed report had few surprises. The number of cattle placed on feed in January was up 1.6% from a year ago. This was the first time placements have been above year-earlier since May. […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain and Scott Brown, on the site
Commodities Street Journal 2 months, 3 weeks agoOn April 1, USDA-AMS will begin releasing on a timely basis their new wholesale pork cutout value estimates based on mandatory packer reporting. Packers have been submitting the mandatory pork price data twice […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 3 months agoThe average price of choice beef at retail during January was $5.244 per pound, a new record. This was up 12.6 cents from December, up 15.1 cents from January 2012, and up 9.2 cents from the November 2012 record. […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 3 months agoStarting March 1, China plans to stop importing U.S. pork unless it is verified to be ractopamine-free by a third party. Earlier this month Russia announced they are stopping the import of U.S. beef and pork […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 3 months, 1 week agoLast year, the U.S. exported 2.45 billion pounds of beef and imported 2.22 billion pounds. Although down 11.9% from the year before, 2012 beef exports were the fourth highest yearly total ever behind 2011, 2003, […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 3 months, 1 week agoU.S. pork exports in 2012 were record high for the second consecutive year. Last year, the nation exported 5.4 billion pounds of pork and imported only 802 million pounds. Pork imports were the lowest since 1998. […]
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Ron Plain wrote a new post, Cattle Outlook by Ron Plain, on the site
Commodities Street Journal 3 months, 2 weeks agoUSDA’s February WASDE report was not encouraging. They are now predicting that 2013 beef production will be only 3.2% lower than last year. Last month they predicted 4.3% less beef in 2013. The latest forecast for […]
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Ron Plain wrote a new post, Hog Outlook by Ron Plain, on the site
Commodities Street Journal 3 months, 2 weeks agoUSDA’s February WASDE report is predicting that 2013 pork production will be up 0.7% from last year. Last month they predicted 0.2% more pork in 2013. The latest forecast for all red meat and poultry production is […]
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